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Calculated Cost of New Item / BOM / Route

  • 1.  Calculated Cost of New Item / BOM / Route

    SILVER CONTRIBUTOR
    Posted Jun 12, 2020 02:21 PM
    Good Afternoon,

    Under moving average how do we do a calculated cost a new item / BOM / Route?

    For some background, under standard cost when we create a new item / BOM / route we would go into cost versions > Item Price and calculate the cost of the new item.

    Under moving average costing versions are not normally used.  If you are on moving average and you have setup a new item and you want to calculate what it would cost to make that item, how should we do it?

    Thank you,
    Barclay

    ------------------------------
    Barclay Hershey
    Financial Analyst
    Sugar Creek Packing Co
    Cincinnati OH
    ------------------------------
    Academy - Online Interactive Learning from Experts


  • 2.  RE: Calculated Cost of New Item / BOM / Route

    TOP CONTRIBUTOR
    Posted 29 days ago
    Barclay,

    You'll want to check out planned version as a costing version. This will give your FG a fallback price when the system doesn't have any moving avvg. cost history.

    ------------------------------
    Ian Gorman, PMP, MCSE
    Senior Consultant
    ------------------------------

    Academy - Online Interactive Learning from Experts


  • 3.  RE: Calculated Cost of New Item / BOM / Route

    GOLD CONTRIBUTOR
    Posted 28 days ago
    Edited by Mark Yankovich 27 days ago
    Barclay,

    We use average cost and were looking for the same.  We learned what Ian mentioned and are using the planned costing version to accomplish this.

    ------------------------------
    Mark Yankovich
    Allegheny Bradford Corporation
    PA
    ------------------------------

    Academy - Online Interactive Learning from Experts


  • 4.  RE: Calculated Cost of New Item / BOM / Route

    SILVER CONTRIBUTOR
    Posted 28 days ago
    Ian and Mark,

    Thank you both!  I will start looking into the planned costing version.

    Thank you,
    Barclay

    ------------------------------
    Barclay Hershey
    Financial Analyst
    Sugar Creek Packing Co
    Cincinnati OH
    ------------------------------

    Academy - Online Interactive Learning from Experts


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